I am buying a brand new flat in Epsom and Ewell and my solicitor is telling me that she is duty bound to the lender to reveal incentives from the seller. I am under pressure to exchange and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
The Epsom and Ewell conveyancing solicitors that I appointed last week on my house acquisition in Epsom and Ewell have without warning shut down. They were on acting for me because I had to have a solicitor on the RBS conveyancing panel and my previous Epsom and Ewell lawyer was not. I paid them £170 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Have just purchased a repossessed house at auction in Epsom and Ewell. Conveyancing is required. What are my next steps?
Now that you are exchanged you must choose a conveyancing lawyer quickly as you now have a fast approaching a drop dead date to complete the purchase. All auction property will ordinarily have a corresponding legal set of papers. This will include evidence of title and search results. If you have purchased leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete on the date specified in the contract.
A friend pointed out to me me that in buying a property in Epsom and Ewell there may be various restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Epsom and Ewell which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Epsom and Ewell should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Epsom and Ewell. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must check the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Coventry BS where a lease does not comply with these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Epsom and Ewell.
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Epsom and Ewell for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Epsom and Ewell conveyancing specialists.
I'm converting the mortgage on my current house to a buy to let mortgage with The Mortgage Works and I will use the rest of the raised equity as a deposit on another house. The neighborhood we are talking about is Epsom and Ewell. Will your lawyers be able to act for both sets of banks and link together the transactions?
Do use our comparison tool on this page to be sure that the lawyers are on the appropriate lender panels. Assuming that they are your lawyer will be able to connect the two conveyancing matters but you should talk with you conveyancer and communicate your desired outcome and requirements.
I pay a maintenance contribution for my flat in Epsom and Ewell. As a result of poor financial planning I slipped behind with remittance. The freeholders agreed a settlement schedule but there is still a couple of currently due.
I now wish to sell and I am worried this can threaten to derail the sale if I have to pay off the amount due now. Do I have to settle before - is this practicable?
It would be wise to check with the property lawyer carrying out your Epsom and Ewell conveyancing but one option might be to arrange for the debt to be attributed to the purchasers. The purchase price due would be reduced to reflect the amount of debt they take on. They could then discharge the fees post completion of the purchase.